PMU signs PartyGaming
March 26 2010 - 3:00AM
UK Regulatory
TIDMPRTY
RNS Number : 2279J
PartyGaming Plc
26 March 2010
26 March 2010
PartyGaming Plc
("PartyGaming" or the "Group")
PMU signs PartyGaming to launch online poker in France
PartyGaming, the world's leading listed online gaming company, today announces
that it has signed a multi-year, exclusive deal to provide an online poker
service for the French market to PMU.
Founded in 1891, PMU is France's pari-mutual horse racing company and is the
largest horse race betting organisation in Europe. PMU recently announced its
twelfth year of consecutive growth, with turnover of EUR9.3 billion, of which EUR660
million was generated from the www.PMU.fr betting website and a gross profit of
EUR2.2 billion in 2009. PMU has more than 6.5 million customers in France using
10,000 retail outlets.
Under the terms of the agreement, the two companies will co-operate to create a
PMU-branded online poker service based upon PartyGaming's own market-leading
poker software that will be integrated into PMU's own player account systems.
This service will be available when both PartyGaming and PMU have obtained the
required French licences. The PMU poker service will also provide access for
players to the shared player liquidity on PartyGaming's French poker network
that will include www.partypoker.fr.
Commenting on today's announcement, Jim Ryan, Chief Executive Officer of
PartyGaming, said:
"Today's agreement with PMU is consistent with our stated strategy of securing a
small number of high value partners in regulated markets. PMU is widely
recognised as one of Europe's leading betting businesses and we look forward to
providing them with a world class poker service."
Contacts:
+------------------------------------------+------------------+
| PartyGaming Plc | +44 (0) 207 337 |
| | 0100 |
+------------------------------------------+------------------+
| Peter Reynolds, Director of Corporate | |
| Affairs | |
+------------------------------------------+------------------+
| John Shepherd, Director of Corporate | |
| Communications | |
+------------------------------------------+------------------+
Editor's Notes
About PartyGaming:
PartyGaming Plc is the world's leading listed online gaming company. The Group
is a constituent of the FTSE 250 share index with its shares listed on The
London Stock Exchange under the ticker: PRTY. In the year to 31 December 2008,
PartyGaming's Continuing operations generated revenue of $446.2m and Clean
EBITDA of $135.0m. PartyGaming's principal brands are www.PartyPoker.com, one
of the world's largest online poker rooms, www.PartyCasino.com, the world's
largest online casino, www.PartyBingo.com, www.PartyGammon.com,
www.PartyBets.com, www.InterTrader.com, www.FoxyBingo.com, www.GetMinted.com,
www.Gamebookers.com and www.WorldPokerTour.com. None of the Group's sites accept
real money customers located in the US.
PartyGaming is regulated and licensed by the Government of Gibraltar and by the
Alderney Gambling Control Commission and it is also certified as a responsible
gaming operator by GamCare, the leading UK authority on the provision of advice,
practical help, support and counselling in addressing the social impact of
gambling. PartyGaming's shares are also a constituent member of the FTSE4Good
Index Series, which enables investors to identify companies that meet globally
recognised corporate responsibility standards. For more information, please
visit www.partygaming.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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